BASF expands in South Africa
BASF Coatings Services (Pty) Ltd. is set to take over the business of MAB Auto Body Parts and Paint Centre Ltd. in Johannesburg, South Africa. MAB sales activities related to automotive refinish products, non-paint products, body panels and services, as well as the staff and parts of the management, will be integrated into BASF Coatings Services.
With the acquisition of MAB, BASF Coatings is now strengthening its position in South Africa on a long-term basis, especially in the key region of Gauteng.
The automotive refinishing market in South Africa is one of Africa’s largest markets. Fifty percent of the continent’s vehicles are found on the roads of South Africa. Seven carmakers manufacture cars in South Africa. In addition, there are over 1,000 paint and bodyshops in South Africa.